In the year 2033, based on a comprehensive analysis conducted by Future Market Insights (FMI), the global Pressure Reducing Valves Market is on track to achieve a substantial valuation of approximately US$ 3746.9 Million. According to projections, this market is expected to experience a robust Compound Annual Growth Rate (CAGR) of 4.7% over the forecast period.
This impressive growth trajectory can primarily be attributed to the increasing adoption of pressure-reducing valves within the industrial sector. These valves have garnered significant attention due to their remarkable ability to regulate and maintain consistent flow rates, which in turn leads to reduced energy consumption. Consequently, they have become indispensable assets for industries aiming to minimize their carbon footprint and adhere to stringent environmental regulations, aligning with the global push for sustainability.
Furthermore, the global pursuit of energy-efficient and environmentally friendly systems has generated a heightened demand for pressure-reducing valves. These valves, designed to optimize energy usage, align perfectly with the goals of industries and organizations seeking to implement sustainable practices. This convergence of factors further elevates their significance and underscores their pivotal role in the industrial landscape.
Moreover, the increasing need for pressure-reducing valves extends beyond the industrial sector, encompassing residential and commercial applications. This expanded scope is expected to contribute significantly to sales figures well into the year 2033, further reinforcing the market’s growth trajectory. As a result, it is evident that the global Pressure Reducing Valves Market is poised for sustained growth, driven by its multifaceted utility and alignment with critical global imperatives for efficiency and sustainability.
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Pressure reducing valves find application in both residential and commercial contexts to effectively manage water pressure and safeguard plumbing systems against potential damage stemming from excessive water pressure.
These valves are strategically positioned on the primary water supply line, serving the pivotal role of regulating water pressure across the entire edifice. Their primary objective is to ascertain that water pressure remains within safe and uniform parameters, ensuring the optimal functionality of fixtures and appliances throughout the establishment.
Key Takeaways:
- Global demand for pressure reducing valves is likely to rise at 4.7% CAGR through 2033.
- By material type, stainless steel segment is expected to reach a valuation of US$ 1,666.6 Million by 2033.
- Based on end use, industrial segment is anticipated to account for around 82.4% of the global market in 2023
- By operating pressure, 50 to 200 Psig segment is estimated to hold about 49.3% market share in 2023.
- The United States pressure reducing valves market size is forecast to reach US$ 507.6 Million by 2033.
- Pressure reducing valve sales in China is likely to soar at 3.9% CAGR through 2033.
- South Korea market is poised to exhibit a CAGR of 5.1% CAGR from 2023 to 2033.
‘Changing end user requirements has created high demand for advanced, energy-efficient, and sustainable systems. As a result, key manufacturers are aiming at developing novel products integrated with smart technologies. Several start-up companies are also entering into the market making it highly competitive,’ says an analyst at Future Market Insights (FMI).
Who is Winning?
Emerson Electric Co., Parker Hannifin Corporation, Watts Water Technologies, Xylem Inc., and Honeywell International are the top manufacturers of pressure reducing valves profiled in the report.
These companies are focusing on developing innovative and technologically advanced solutions to meet end user demand. They are also using strategies such as partnerships, alliances, mergers, and acquisitions to expand their presence.
Recent Developments:
In 2022, Zurn Industries, LLC introduced a new compact and lightweight pressure reducing valve (Zurn Wilkins 500XL3).
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The research report analyzes the market demand trends for pressure-reducing valves. The global market estimation and growth projection are based on factors such as end-use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of pressure-reducing valves.
As per Future Market Insights’ research scope, the pressure-reducing valves market has been studied and segmented on the basis of product, material type, operating pressure, application, and end-use. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, the supply side and demand side.
Market Segmentation:
By Product Type:
- Direct Acting
- Residential
- Commercial
- Industrial
- Pilot Operating
By Material Type:
- Cast Steel
- Stainless Steel
- Carbon Steel
- Cast Iron
- Ductile Iron
- Bronze
- Plastics
- Others
By Operating Pressure:
- 50 to 200 Psig
- 201 to 500 Psig
- 501 to 800 Psig
- Above 800 Psig
By Application:
- Gas
- Steam
- Liquid
By End Use:
- Residential
- Commercial
- Industrial
- Power Generation
- Pharmaceuticals
- Pulp and Paper
- Chemicals
- Food and Beverages
- Oil and Gas
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Russia & Belarus
- Balkan & Baltics
Central Asia
- East Asia
- South Asia Pacific
- Middle East Africa
- Others
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About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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